Wednesday, February 20, 2013

Added to Nexen

I’m very cautious with this market right now and will only opt for trades with minimal risk. I added to my Nexen (Ticker: NXY) position today at $27.41 with the goal of generating a net gain of 0.307% within 10 days. This will equate to an annualized return of ~ 11% assuming I receive the cash in my account by March 1st. Cnooc (Ticker: CEO) has stated that it plans to close the transaction with Nexen next week.

0 Comments:

About Me

I have a passion for the stock market. I primarily focus my research in the life sciences. I have degrees in Bio and Finance (not that it means much since investing is more of an art than a science). My MBTI personality type is ISTJ. I'm a Generation X'er and was born the year of the pig.